Economy

British intelligence claims United Kingdom could manage Huawei threat without ban

British intelligence claims United Kingdom could manage Huawei threat without ban U.S. Vice-President Mike Pence , speaking last weekend in Germany, urged European allies to take seriously "the threat" he said was posed by Huawei as they look for partners to build the new 5G mobile networks. Huawei , along with another Chinese network equipment company ZTE Corp , has been accused by the U.S. of working at the behest of the Chinese government . [Full Article...]

Marco Rubio Jets Into Colombia as More Aid Arrives for Venezuela

Marco Rubio Jets Into Colombia as More Aid Arrives for Venezuela Millions of people have already fled the border to seek a better life as a food and medicine shortage cause a major crisis. " You will lose everything ". Russian Federation and China, among a spate of other nations, say that they recognise Maduro as Venezuela's only legitimate president. South Florida is home to more than 100,000 Venezuelans and Venezuelan-Americans, the largest concentration in... [Full Article...]

Tesla’s New "Dog Mode" Reassures Passersby That Your Dog Is Okay

Tesla’s New Cabin Overheat Protection is focused around safeguarding children and pets by keeping the auto at a "safe temperature" for several hours, "even when the vehicle is off" - a feature Tesla says is owed to the firm's 'uniquely large battery packs'. [Full Article...]

Amazon drops plans for NY headquarters after opposition

Amazon drops plans for NY headquarters after opposition Each city was expected to have more than 25,000 workers over time. Newly-elected Congressional representative Alexandria Ocasio-Cortez was among the more high-profile critics of the deal from the Democratic Party's left flank. Andrew Cuomo and Mayor Bill de Blasio , who had lobbied intensely to land the project, competing against more than 200 other metropolitan areas across the continent that... [Full Article...]

Veterans Affairs Minister Jody Wilson-Raybould resigns from cabinet

Veterans Affairs Minister Jody Wilson-Raybould resigns from cabinet She goes on to thank Canadians who have supported her during her time in the federal cabinet and states she will remain as MP for Vancouver-Granville. Make no mistake about it - there are serious allegations to be answered about how Prime Minister Justin Trudeau's government dealt with the legal problems of Quebec mega-company SNC-Lavalin. [Full Article...]

Amazon exploring potential alternatives to New York HQ

Amazon exploring potential alternatives to New York HQ Amazon executives responsible for the company's planned move to create a headquarters on the East Coast appear to be rethinking their decision when it comes to the NY location. Amazon was down 2.3 percent at $1,576.98 just before noon in NY. "If they stop Amazon from coming to NY, they're going to have the people of NY to explain it to". [Full Article...]

Bezos accuses Enquirer of ‘blackmail’ over intimate photos

Bezos accuses Enquirer of ‘blackmail’ over intimate photos Mr Bezos said the magazine's parent company American Media Inc (AMI) wanted him to drop an investigation into how it obtained his private messages. Prosecutors at the U.S. Attorney's Office for the Southern District of NY already picked Pecker's brain and his organization's records for anything they could use in their case against Cohen, which was apparently enough to get him off with a warn... [Full Article...]

RBI Slashes Repo Rate by 25 Basis Points, Changes Stance to 'Neutral'

RBI Slashes Repo Rate by 25 Basis Points, Changes Stance to 'Neutral' More importantly, the MPC has spelt out the change in policy stance to "neutral" from what was called "calibrated tightening so far". Consequently, the reverse repo rate under the LAF stands adjusted to 6.0 per cent, and the marginal standing facility rate and the Bank Rate to 6.5 per cent. [Full Article...]

Venezuelan opposition readies USA fund to receive oil revenue

Venezuelan opposition readies USA fund to receive oil revenue Oil prices rose about 1 percent on Wednesday, boosted by signs of strong USA demand for distillate products and tightening global crude supply, but gains were capped by a rising US dollar and ongoing concerns about a global economic slowdown. [Full Article...]

Italy to host Venezuela delegation at Guaido’s request

Italy to host Venezuela delegation at Guaido’s request A United States official said the aid will be kept at the main Colombian-Venezuelan border crossing at Cucuta with more supplies being prepared in Brazil and in the Caribbean. Venezuela's National Assembly, headed by self-proclaimed acting president Guaido, was to discuss the process of gathering badly-needed food and medicines in neighbouring countries before bringing it in. [Full Article...]

Democrats and White House Remain Deeply Divided Over Border Wall

Democrats and White House Remain Deeply Divided Over Border Wall As expected, Mr Trump is expected to ruffle some feathers in the address at 9pm this evening EST in which he will deliver the address before a joint session of the 116th Congress in the chamber of the House of Representatives. That's because Trump likely will describe his time in office as, in the words of White House press secretary Sarah Huckabee Sanders on Tuesday, "two of the most succes... [Full Article...]

European Union leaders: No renegotiation on Brexit deal

European Union leaders: No renegotiation on Brexit deal A militant group calling itself the "IRA" said this week it was responsible for a auto bomb which detonated outside a court house in the Northern Irish city of Londonderry in January, highlighting the threat still posed by groups opposed to the peace agreement. [Full Article...]

Foxconn factory jobs touted by Trump will not come to pass

Foxconn factory jobs touted by Trump will not come to pass Reuters reports that the plans - announced amid great fanfare by Donald Trump in 2017 - have recently been scaled back and altered. In a joint statement , Assembly Speaker Robin Vos and the Senate majority leader, Scott Fitzgerald, said it was "not surprising Foxconn would rethink building a manufacturing plant in Wisconsin under the Evers administration". [Full Article...]

Unemployment in India is at its highest in 45 years

Unemployment in India is at its highest in 45 years The findings of the periodic labour force survey report assumes significance as it is considered the first comprehensive survey on employment conducted by a government agency after the November 8, 2016, demonetisation decision. Youth unemployment was much higher in 2017-18 than in previous years, according to the government report, and "much higher compared to that in the overall population". [Full Article...]

'Furious' Democrats Plot to Make Ocasio-Cortez a 'One-Term Congressperson'

'Furious' Democrats Plot to Make Ocasio-Cortez a 'One-Term Congressperson' Now, fellow Democrats are coming after her. Now, some of those Democrats are seeking to turn the tables on her. If that weren't enough, some in the media have even likened her rhetorical approach to President Donald Trump, saying both share a sort of populist outlook, determined to disrupt politics as usual while appealing to highly polarized political bases. [Full Article...]

US Fed keeps interest rates unchanged, to be patient on future hikes

US Fed keeps interest rates unchanged, to be patient on future hikes By removing references to further rate hikes, the central bank indicated that it's not going to move prematurely on raising interest rates. The S&P 500 was up 23.51 points, or 0.89 percent, at 2,663.51 and the Nasdaq Composite was up 91.50 points, or 1.30 percent, at 7,119.79. [Full Article...]

Maduro diehards vow to defend Venezuela leader 'tooth and nail'

Maduro diehards vow to defend Venezuela leader 'tooth and nail' Late Wednesday afternoon, President Donald Trump tweeted that he had spoken with Guaido that day to "congratulate him on his historic assumption of the presidency" and to reinforce "strong United States support for Venezuela's fight to regain its democracy". [Full Article...]

Weak iPhone sales drag down Apple's holiday earnings

Weak iPhone sales drag down Apple's holiday earnings It marked the first time in more than two years that Apple's quarterly revenue has dropped from the past year. Profit in the final quarter of past year was US$20 billion - a dip of less than 1 percent - on revenue of US$84.3 billion, even as money from iPhone sales was down 15 percent from the same period in 2017. [Full Article...]

Maduro: Trump out to kill me

Maduro: Trump out to kill me In an interview with the German daily Bild, he called on European Union countries to impose more sanctions on Maduro's government. "Although the consequences are not direct, but they eventually will affect us somewhere down the road", he stated. [Full Article...]

U.S. warns of 'serious consequences' after Venezuela moves against Guaido

U.S. warns of 'serious consequences' after Venezuela moves against Guaido Guaido's gambit has quickly divided world opinion; some like the United States are fully supporting the opposition leader as de jure president, while the European Union is calling for new elections within eight days, disregarding last year's presidential election which was boycotted by the opposition. [Full Article...]


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